Utah Real Estate Trends - Summit County - Park City Home For Sale Statistics for First Half of 2010

Summit County home prices are down by 3% from last year. Homes sales are up by 73 more homes sold than at the mid point of 2009. The average sold price for a Summit County home was $763,057, the highest average price in the state. Current homes listed on the market constitute almost 2 years of inventory. Summit County homes that sold during the first half of the year averaged $266.93 per square foot. It is taking just over four months to sell a home that is market priced.

Summit County condominiums are selling for $218,427 more on average than last year, probably due to out-of-state buyers of recreational condos in Park City. Condo prices are $163,000 less on average than single family homes. Park City Condo prices are significantly higher than the state condo average by nearly $400,000. It takes an average of 11 days less to sell a condo than a single family home.

Conclusion:  With a whopping 2 years of inventory waiting to be sold, buyers have a great selection of properties to choose from in Park City and Summit County. Prices are less of a concern for this market since most of the purchases are second homes, luxury or recreational.

Summit County Homes For Sale Statistics for First Half of 2010

Search for Utah Properties for Sale

Search for Utah Condos

Search for Utah Homes

Search for Utah Horse Properties 

______________________________________